Gibraltar Industries Inc (ROCK) Expected to Announce Quarterly Sales of $232.65 Million

Wall Street brokerages expect Gibraltar Industries Inc (NASDAQ:ROCK) to post $232.65 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Gibraltar Industries’ earnings. The highest sales estimate is $234.20 million and the lowest is $231.10 million. Gibraltar Industries posted sales of $231.84 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The business is expected to announce its next quarterly earnings results on Friday, February 16th.

On average, analysts expect that Gibraltar Industries will report full-year sales of $232.65 million for the current year, with estimates ranging from $960.10 million to $963.00 million. For the next financial year, analysts expect that the company will post sales of $1.00 billion per share, with estimates ranging from $993.60 million to $1.01 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Friday, November 3rd. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $274.57 million during the quarter, compared to analysts’ expectations of $275.80 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share.

ROCK has been the subject of a number of research reports. BidaskClub raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, November 7th. TheStreet raised shares of Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $39.00 price objective on shares of Gibraltar Industries in a research note on Sunday, October 15th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $42.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROCK. Pzena Investment Management LLC grew its stake in Gibraltar Industries by 133.5% during the 3rd quarter. Pzena Investment Management LLC now owns 1,852,838 shares of the construction company’s stock valued at $57,716,000 after acquiring an additional 1,059,175 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in Gibraltar Industries during the 2nd quarter valued at about $25,836,000. FMR LLC grew its stake in Gibraltar Industries by 63.7% during the 2nd quarter. FMR LLC now owns 1,307,993 shares of the construction company’s stock valued at $46,630,000 after acquiring an additional 509,133 shares in the last quarter. HCSF Management LLC grew its stake in Gibraltar Industries by 63.8% during the 2nd quarter. HCSF Management LLC now owns 422,404 shares of the construction company’s stock valued at $15,059,000 after acquiring an additional 164,500 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in Gibraltar Industries during the 2nd quarter valued at about $3,208,000.

Shares of Gibraltar Industries (NASDAQ:ROCK) opened at $37.90 on Friday. The company has a market cap of $1,207.32, a PE ratio of 41.20 and a beta of 1.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36. Gibraltar Industries has a one year low of $25.61 and a one year high of $45.05.

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About Gibraltar Industries

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

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